Definition of beneficiaries:
(n) :
One who benefits or receives an advantage.
(n) :
(especially trust law) One who benefits from the distribution, especially out of a trust or estate.
(n) :
(insurance) One who benefits from the payout of an insurance policy.
(adj) :
Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and secondary possession.
(adj) :
Bestowed as a gratuity.